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Canal+ Begins Trading On Johannesburg Stock Exchange Fulfilling MultiChoice Acquisition Regulatory Commitment

Melanie Goodfellow· ·2 min read · 0 reactions · 0 comments · 15 views
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Canal+ Begins Trading On Johannesburg Stock Exchange Fulfilling MultiChoice Acquisition Regulatory Commitment
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Canal+ has begun trading on the Johannesburg Stock Exchange as a secondary listing, fulfilling a regulatory commitment from its acquisition of MultiChoice Group. This marks the first time a French company has listed on the JSE, allowing local investors to engage with the stock in rand. Canal+ aims to strengthen its presence in Africa's media landscape while maintaining its listing on the London Stock Exchange.

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Deadline · Melanie Goodfellow
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Canal+ JSE listing ceremony Canal+/JSE Canal+ began trading on the Johannesburg Stock Exchange (JSE) on Wednesday as a secondary listing, fulfilling a local regulatory commitment tied to its acquisition of pan-African media and entertainment company MultiChoice Group last year. Under the move, Canal+ becomes the first ever French company to list on the JSE, with the entry giving local investors access to the group’s stock with rand-denominated transactions, while its first listing remains at the London Stock Exchange (LSE) where it listed in 2024. “Joining the Johannesburg Stock Exchange is a statement of our ambition and illustrates our belief in Africa’s future and its creative industry,” said Canal+ CEO Maxime Saada.

Excerpt limited to ~120 words for fair-use compliance. The full article is at Deadline.

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